1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
madreJ [45]
3 years ago
14

An asset used in a four-year project falls in the five-year MACRS class for tax purposes The asset has an acquisition cost of $5

,100,000 and will be sold for $1,600,000 at the end of the project. If the tax rate is 21 percent, what is the aftertax salvage value of the asset? Refer to Table 10.7 (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, e.g., 1,234,567.)
Business
1 answer:
zalisa [80]3 years ago
4 0

Answer:

$1,449,068.80

Explanation:

Book value on purchase                    $5,100,000

Less: Accumulated depreciation       $4,218,720

(5,100,000*(0.2+0.32+0.192+0.1152) <u>                     </u>

Book value on sales                            <u>$881,280</u>

<u />

Salvage value of paint   $1,600,000

Book value of as set      <u>$881,280   </u>

Gain on disposal            <u>$718,720</u>

Tax on gain on disposal = $718,720 * 21% = $150,931.20

After tax cash flow = $1,600,000 - $150,931.20

After tax cash flow = $1,449,068.80

You might be interested in
Champion manufactures winter fleece jackets for sale in the United States. Demand for jackets during the season is normally dist
m_a_m_a [10]

Answer:

The question puts

Mean demand to be 20000

Standard deviation to be 10000

Storage cost = 60-30= 30

Excess cost to be 30+5-25 = 10

For shipping to south america

Excess cost = 30+5+5-35 = 5 dollars

A.

It is of more benefits to ship to south america because we have an excess cost of 5 dollars and excess clearance cost of 10 dollars

B.

Production and profitability are high for south america. Please check attachment for the calculations I added

C.

Number of units

27142-20000

= 7142 units.

5 0
3 years ago
A summary of the time tickets for the current month follows:
iVinArrow [24]

Answer:

Entry is given below

Explanation:

Entry for factory labor cost

DATE          ACCOUNT                         DEBIT        CREDIT

DEC 31     Work in Progress(w)          $97,780

                Factory overhead              $6,340

                 Wages payable                                     $104,120

Working

Work in progress =  3,860+4,300+24,500+18,600+7120+7400+32,000

Work in progress = 97,780

NOTE: Work in progress is sum of all direct labor cost

Factory Overhead = all indirect labor cost which is only $6,130

7 0
3 years ago
Dake Corporation's relevant range of activity is 3,200 units to 8,000 units. When it produces and sells 5,600 units, its average
castortr0y [4]

Answer:

the direct manufacturing cost is $46,230

Explanation:

The computation of the direct manufacturing cost is given below;

= (direct material per unit + direct labor per unit) × number of units produced

= ($6.55 + $3.50) × 4,600 units

= $46,230

hence, the direct manufacturing cost is $46,230

This is the answer but the same is not provided in the given options

The same should be considered

8 0
3 years ago
Lisa is a full-time undergraduate student who wants to claim AOC. She brings in her school billing statement, as well as receipt
Romashka [77]

Answer:

Option D

Explanation:

Option D are all the requirements needed for to process the eligibility of Lisa for aoc and applying for aoc.

7 0
4 years ago
Task: Now that you are about 50% completed with your course, I would like for you to take this time to reflect on your current g
aleksandr82 [10.1K]

Answer:

I don't really think you need help with this but umm you can write after looking at your grade: *this is an example*

Explanation:

(For online)

"I would like to improve my grade by focusing more and not getting distracted. Another way I would like to improve my grade is where I can work without any noise. Lastly, I would like to improve my grade by turning off any electronics in sight or reach."

(Longer sentence with some grammar and/or punctuation errors checked):

"I would like to generally improve my grade by focusing kind of more and not getting distracted, particularly contrary to popular belief. Another way I would like to mostly improve my grade basically is where I can work without any noise, which specifically is quite significant. Lastly, I would like to kind of improve my grade by turning off any electronics in sight or reach, or so they for the most part though."

-------------------------------------------------------------------------------------------------------------

(For face to face school)

"I would like to improve my grade by asking the teacher for help when needed. Try and ignore my friends when they try and talk to me in class (if you're with friends), Try and ignore people around me if they talk to each other or if they talk to me (without friends). Focus on my work and take notes when asked or needed."

(Longer sentence with some grammar and/or punctuation errors checked):

"I would like to for the most part improve my grade by asking the teacher for particular help when needed, or so they definitely thought. Try and mostly ignore my friends when they for the most part try and definitely talk to me in class (if you're with friends), generally Try and basically ignore people around me if they really talk to each definitely other or if they, for the most part, talk to me (without friends), basically contrary to popular belief. Focus on my work and particularly take notes when for all intents and purposes asked or needed, demonstrating how literally try and for the most part ignore my friends when they mostly try and specifically talk to me in class (if you\'re with friends), actually Try and basically ignore people around me if they, for the most part, talk to each definitely other or if they actually talk to me (without friends), which particularly is fairly significant."

Lastly:

Good Luck!

6 0
3 years ago
Other questions:
  • Which of the following is true about unemployment insurance coverage? A. It will provide you with the same income that your empl
    8·1 answer
  • Victoria, a restaurant general manager, carefully watches her restaurant costs by reusing some items that in the past were immed
    6·1 answer
  • Several students are arguing over the actual year that the berlin wall came down. some of the students think it was in 1990, sev
    6·1 answer
  • If substantial batch-level or product-level costs exist, then overhead allocation based on a measure of volume such as direct la
    15·1 answer
  • ​Buffalo, Inc. reported sales revenue for 2017 of $906,000. The products were sold with a​ nine-month warranty. Members of​ Buff
    10·1 answer
  • Specialization:
    15·1 answer
  • A parent company exchanges 30,000 shares of its $1 par value common stock, with a market value of $10/share, for all of the shar
    14·1 answer
  • Use the contribution margin ratio approach to compute the number of shows needed each year to earn a profit of $ 5 comma 687 com
    13·1 answer
  • NEED HELP ASAP, WILL GIVE BRAINLIEST
    12·2 answers
  • Recommend two ways in which women and children can be protected from discrimination and violence​
    15·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!